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Trump threatens Canada with 100% tariff over possible deal with China
The Guardian· 2026-01-24 15:04
Trade Policy and Tariffs - The US president announced a potential 100% tariff on all Canadian imports if Canada engages in a trade deal with China, indicating a strong stance against perceived economic threats from China [1][3] - Trump expressed concerns that Canada could become a "Drop Off Port" for Chinese goods entering the US, emphasizing the need for Canada to reconsider any trade agreements with China [2][3] Oil and Venezuela - The US military has seized seven Venezuelan tankers as part of a campaign to control Venezuela's oil flows, with Trump claiming that 50 million barrels of oil have been taken and sold in the open market [6] - Trump stated that US refineries will process the oil taken from the seized tankers, with refining occurring in various locations, including Houston [5] - The US aims to control Venezuela's oil resources indefinitely, with plans to invest $100 billion to rebuild the country's oil industry, raising concerns among environmentalists and US oil companies [9] Foreign Policy Maneuvers - Trump's foreign policy has focused on Venezuela, initially attempting to oust President Nicolás Maduro through diplomatic means, which later escalated to military action [7] - In a recent interview, Trump claimed that a new weapon, referred to as "the discombobulator," was used in a military raid to capture Maduro and his wife, showcasing a blend of military and unconventional tactics in foreign policy [8]